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KfW Development Bank Invests EUR 20 Million in the Regional MSME Investment Fund for Sub-Saharan Africa

Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA), an impact investment fund advised by Symbiotics, has attracted a further EUR 20 million from KfW Development Bank.

This investment will help to finance small and medium enterprises with the objective to create jobs in nine countries in Sub-Saharan Africa, that have joined the G20 Compact with Africa program initiated by the German Government. KfW also provided a grant of EUR 5 million to enhance the capabilities of financial institutions to support small and medium enterprises in these countries.